Singapore Stock Market News

SATS - Await better entry point

StockFanatic
Publish date: Sun, 25 May 2014, 11:10 PM
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■ 4QFY3/14 net income of SGD42.6m (-7.8% YoY) fell short of market expectations due to elevated labour costs.

■ The other disappointment: Lower-than-expected full-year DPS of 13 SGD cts (FY3/13: 15 SGD cts).

Downgrade to HOLD with lower TP of SGD3.30 in view of near-term challenges that could cap share price upside.
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